The Car and Truck Fleet and Leasing Management Magazine


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March 28, 2014 - Industry News

Emkay's Remarketing Program Maintains IARA Certification

Emkay's Vehicle Remarketing Department has been re-certified by the International Automotive Remarketers Alliance (IARA) Certified Automotive Remarketer (CAR) program, the fleet management company announced.

Tags: IARA, Used Vehicle Sales, Emkay, Fleet Management Companies

March 26, 2014 - Press Release

Black Book Expands Data Licensing VP's Role


Black Book has expanded the role of Jared Kalfus, vice president of data licensing, to also oversee the company's Lender Solutions division, the company has announced.

Tags: Black Book, Promotion

March 25, 2014 - Industry News

Vincentric Names 'Best Value in America' Vehicles

Photo of 2014 Ram 3500 courtesy of Chrysler.

Toyota leads the way with eight awards, followed by Audi with five. Chevrolet and Honda each earned four. The awards cover the retail market.

Tags: Vincentric, Awards, Audi, Chevrolet, Honda, Toyota, 2014-MY

March 20, 2014 - Press Release

ARI Announces Ringman of Distinction Recipients

Photo of ARI's Brian McBrearty (left) with Zach Massey courtesy of ARI.

ARI has announced the two recipients of their "Ringman of Distinction" award, which recognizes the outstanding contributions of ringmen at various vehicle auctions. The recipients are Art Mecias of Adesa Los Angeles Auto Auction and Zach Massey of ABC Birmingham Auto Auction.

Tags: ARI, Awards, Auctions

March 12, 2014 - Industry News

Vans Lead Feb. Depreciation Report

Photo of Dodge Sprinter 2500 (2008-09) via Wikimedia.

Full-size passenger vans lost the least value in the commercial vehicle resale market in February, a month that typically shows strong vehicle retention, according to Black Book.

Tags: Depreciation, GMC Savana, Full-Size Vans, Ford E-Series, Black Book, 2012-MY

March 7, 2014 - Industry News

NAAA CEO Receives Inaugural Industry Leadership Award

NAAA CEO Frank Hackett (left) receives the inaugural Industry Leadership Award from Automotive Fleet Editor Mike Antich.

National Auto Auction Association (NAAA) CEO Frank Hackett was awarded the inaugural Industry Leadership Award by Bobit Business Media, publisher of Automotive Fleet and Vehicle Remarketing Reporter, at the Conference of Automotive Remarketing (CAR).

Tags: Awards, CAR, NAAA

March 7, 2014 - Industry News

Toyota Financial's Remarketing Manager Named Consignor of the Year

Mike Reid (left) of Toyota Financial Services accepts the 2014 Consignor of the Year Award from Automotive Fleet Editor Mike Antich.

Mike Reid, national manager – remarketing for Toyota Financial Services, was honored twice during the closing day of the 2014 Conference of Automotive Remarketing (CAR).

Tags: Consignor of the Year, NAAA, CAR, Awards, Automotive Fleet, Toyota

March 6, 2014 - Press Release

ARI Announces Auction of the Year Winners

ARI has announced seven winner of its 2013 ARI Regional Auctions of the Year awards. Each year, ARI recognizes outstanding vehicle auctions in seven regions in the U.S.

Tags: ARI, Awards, Auctions

March 6, 2014 - Industry News

Consignors to Develop Multiplatform Bidding for Online Auctions

Photo via Wikimedia.

Manheim, ADESA, and the independent auctions will begin developing a platform that allows simultaneous bidding on vehicles listed on multiple online auction sites that will be ready in the second half of 2014.

Tags: Online Auctions, CAR, Manheim, ADESA

February 27, 2014 - Industry News

PHH Arval Opens First Commercial Truck Center

Photo courtesy of PHH Arval.

PHH Arval has opened its first commercial truck center in the country in Virginia Beach to offer its off-lease truck inventory, the fleet management company announced Thursday.

Tags: PHH Arval, Used Truck Sales, Independent Contractors, Fleet Management Companies

February 25, 2014 - Industry News

Detroit Outsources Refuse Collection

Photo via Advanced Disposal.

The City of Detroit has privatized waste management services as part of its bankruptcy recovery plan and is auctioning off its aging fleet of refuse trucks. Last week, the city awarded $122.6 million in contracts to two commercial haulers for the work.

Tags: City of Detroit, Refuse Fleets, Outsourcing

February 7, 2014 - Industry News

ARI to Host Vehicle Remarketing Best Practices Webinar


ARI will host a webinar highlighting best practices in vehicle remarketing, giving fleet personnel the opportunity to explore and discuss various vehicle remarketing strategies to help determine the best options for their fleet.

Tags: Remarketing, ARI, Webinar

February 7, 2014 - Press Release

FLD Improves OnceOVR Mobile App

The newest version of FLD's OnceOVR app includes specialized inventory management and fleet audit functionality aimed at alleviating the issues faced by fleet managers and strategic sourcing and procurement professionals nationwide.

Tags: FLD, Mobile Apps

January 28, 2014 - Press Release

Black Book Introduces Mobile App

Screenshots via iTunes.

Black Book has introduced the second-generation of its mobile app, Black Book Digital, with an updated design and simple-to-use features, the publisher announced Tuesday.

Tags: Used Vehicle Values, Mobile Apps, Black Book

January 27, 2014 - Industry News

Manheim’s 2014 Used-Car Report Predicts Declining Margins

With labor market and credit conditions continuing to improve and expected to maintain an upward trajectory in the year ahead, the environment is ripe for sustained vitality in the new, used, and wholesale marketplaces.

Tags: Manheim

January 21, 2014 - Industry News

Strong New-Car Sales Won't Hurt Fleet Remarketing, Says Black Book

Photo via Laitr Keiows/Wikimedia.

Strong new-car sales shouldn't hurt newer model-year fleet vehicles with comparable mileage at remarketing auctions, according to one of the industry's top remarketing analysts.

Tags: Depreciation, Used Vehicle Sales, Black Book, New Vehicle Sales, Trends

January 17, 2014 - Industry News

Vehicle Depreciation Slips to 12.8% in 2013

Full-size pickups such as the 2012 Ram 1500 best retained their value in 2013. Photo courtesy of Chrysler.

Used-vehicle depreciation improved toward the end of 2013, and vehicles depreciated 12.8 percent in the year, a slight pullback from the 12.4 percent depreciation in the previous year, reports Black Book.

Tags: Black Book, Depreciation, Trends, Pickup Trucks, Prestige Luxury Cars, Large Pickups

January 16, 2014 - Industry News

Toyota Marks 4 Million Certified Pre-Owned Sales

The 4 millionth Toyota CPO vehicle sold was a Toyota Matrix. The Matrix was discountinued in the U.S. in August of 2013.

When Jose Ortiz of Ypsilanti, Mich. bought his 2010 Toyota Matrix at Dunning Toyota in December 2013, he didn’t realize the historical implication of his purchase.

Tags: Toyota, CPO

January 1, 2014 - Industry News

EVs Lose Value Quicker Than Gasoline Vehicles, KBB Reports

Chevrolet Spark EV photo courtesy of GM.

Most plug-in electric vehicles will depreciate more dramatically over five years than their conventional gasoline counterparts, according to a new report from Kelley Blue Book via USA Today.

Tags: Depreciation, Kelley Blue Book, Battery-Electric Vehicles, Ford Focus Electric, Chevrolet Spark EV, Nissan Leaf

December 23, 2013 - Industry News

Emkay Remarketing VP Retires

Jack Rennels

Emkay's Jack Rennels, vice president of vehicle remarketing, is retiring after more than 35 years in the fleet industry, the fleet management company announced.

Tags: Emkay, Retirement, Fleet Executives, Fleet Management Companies

December 19, 2013 - Press Release

GE Capital Fleet Gives Remarketing Awards

(l. to r.) Paul Seger, GE Capital Fleet; Julie Picard, Manheim Seattle; and Dennis Worthy, Manheim Milwaukee

GE Capital Fleet Services honored 22 regional auctions who "contributed remarkable results" for its customers in 2013, the fleet management company announced.

Tags: GE Capital Fleet Services, Auctions, Awards

December 16, 2013 - Industry News

United Road No. 2 Auto Transporter After Waggoners Buy

Photo via Wikimedia.

United Road Services has acquired the auto transport division of Waggoners Trucking, making the company the second-largest car hauler in the North America.

Tags: Mergers & Acquisitions, United Road, Vehicle Logistics, Waggoners Trucking

December 13, 2013 - Industry News

Emkay Names Vehicle Remarketing Director


Emkay Inc. has promoted John Elizaga to director of vehicle remarketing.

Tags: Remarketing, Emkay, Fleet Executives

December 9, 2013 - Industry News

Pickup, SUV Auction Values Strongest In Nov.

Photo of 2012-MY Frontier courtesy of Nissan.

Compact pickups and compact SUVs retained the most value in remarketing sales during November, according to a Black Book report released Monday.

Tags: Black Book, Residual Values, Trends, Pickup Trucks, Compact Cars

December 2, 2013 - Industry News

Former Fleet Execs Named Automotive All Stars

This year's version of the annual list included 26 automotive industry executives including Chrysler's Patrick Dougherty in the "service and parts" category and Ford's John Felice in the "remarketing" category.

Tags: Ford, Chrysler, Automotive Executives

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